I love mine.
If you're planning to use it with software that only supports WDM or MME, take it back.
If you're planning on using Gigastudio, take it back.
If you're looking playing DVD movies in surround sound to multiple speakers hooked up to the E-mu or to a digital pass through for outboard decoding, take it back.
If you're not willing to learn the included Patchmix software (which is admittedly a little cumbersome for simple tasks), take it back.
If you're planning on using the included Cubase or your own ASIO-supporting multi-channel sequencer and want high-quality recording over numerous channels, including ADAT, than the E-mu is great.